National Income Dynamics Survey shows jobs and wages matter for category too as labour income makes up 37% of income
Khayelitsha, Cape Town. Picture: DAVID HARRISON
It is different for the middle class, who receive most of their income from labour and some investments. About 95% are employed in the formal sector with 81% on permanent contracts. Many South Africans seem to have an optimism bias that “it won’t happen to me”. In addition, non-compliance with level 4 regulations will become widespread when certain of those regulations are viewed as irrational or punitive.
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